Power Cost Monitors – Today Show Segment

Thursday, November 19, 2009, 4:03
Green Tips
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Energy Bill

Blue Line Innovations Power Cost Monitor $109.99

Power Cost Monitor from Smart Home USA $108.99

Black & Decker Power Monitor – $92.00. The Black & Decker Power Cost Monitor has 43 reviews on Amazon.com and has a 4 star rating. The two other other models don’t have much customer feedback.

The Today Show ran a segment on saving energy using Power Cost Monitors. You can watch the Today show segment HERE.

Jean Chatzky, Today’s financial editor and money-saving author tried the Black & Decker Power Cost Monitor in her own home. She learned that she was spending $1.33 per hour in her home and after using the monitor, she brought her cost down to 32 cents per hour. That’s the difference between $31.92 a day in electricity vs. $7.68 a day.

She must have a huge house. If your electric bill is $200 a month and you are able to save 20% of your cost each month, (which is what the website says is achievable), the device would pay for itself in less than 3 months. You can see at a glance how much money each appliance, TV, computer, game system, light left on, etc. is costing you.

I recommend splitting the cost with another family or friend and sharing the device. I think it is an excellent visual tool for everyone (including the kids) to see how much “vampire energy” is being wasted each day. Perhaps you can set an energy saving goal as a family and once you have covered the cost of the device, spend some of your energy savings on a fun family activity.

HERE is a link to a prior story I wrote about using Smart Power Strips which will automatically turn off your devices when it senses that they are not in use. A Smart Power Strip costs between $20 and $30, depending on the model you choose.

Solutions for saving money, that’s what More With Less Today is all about. Financial experts tell us to cut our expenses, this site shows you numerous ways to do just that.

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